LONDON—Lower crude prices, weaker Nikkei, extended COVID-19 lockdowns in Shanghai and a slowdown in the Chinese economy have led to a decline in natural rubber markets over the two weeks to May 13.
Rubber futures on Japan's Osaka Exchange slid to an eight-week low on May 12, while Singapore futures for July delivery were down 4.4 percent over the two-week period.
Shanghai rubber futures for September delivery closed slightly lower than April 29, following an extended COVID-19 lockdown in the Chinese commercial capital and continued supply chain issues.